The Residential Real Estate Crash Index Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : The Residential Real Estate Crash Index

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

From: TobagoJack	6/9/2007 8:57:16 AM
	Read Replies (2) of 306849

Was reading this on a chat line. Any validity? Any way to find out? Comment by LostAngels 2007-06-07 15:13:56 OK folks here is the reality regarding the MBS mkt right now. I was in our weekly officers meeting. The topic turned quickly to our residential MBS holdings. My bank (a commercial bank with some MBS holdings due hedging, etc.) has been selling all of our traunches during the past 3 weeks. We are now trying to get rid of the "lesser" performing traunches. During the meeting it was revealed to us (at the meeting) that we are struggling to sell the last remaining traunches because the bid price is so low. How low you ask? 10 cents on the dollar. Surely this has to be for 2nd TDs right? Nope - these are all 1st TDs. these properties are all over the US - no they are not localized. That's what's truely going on behind the scenes. Anybody that thinks this thing will end quickly - soufflet, soft landing, truffle, etc. - is a fool or a liar. Anyone who thinks RE will not decrease 30-50% is either a homeowner, investor or realtor (or all three).

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next